Tootie Pie says June sales up 42%

Tootie Pie Co. announced June 2011 sales were up 42 percent over the same month last year.

The company said this is the 20th consecutive month of sales increases — May sales were up 37 percent over the same month last year. But despite growing sales, the company is losing money.

According to data submitted to the Securities and Exchange Commission, Tootie Pie reported a net loss of $1 million for the year ended March 31, despite having sales of $2 million. The year before, it reported $1.7 million in sales and a net loss of $478,000.

Tootie Pie said it planned to open new Gourmet Cafés in Dallas and Austin, increasing the number of cafes it owns and operates from five to seven.